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    27Th St Bend, OR 97702

    • Land
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 27Th St

    Lot size
    10.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 10-acre parcel presents a rare opportunity for industrial development in Bend, Oregon's rapidly growing southeast sector. Located at the intersection of Ferguson and 27th Street, this property enjoys a strategic position at the gateway to SE Bend, situated at the corner of the approved Magnolia Lane extension and the proposed Caldera Drive. The site benefits from existing infrastructure, including access to the SE Area Pump Station, Avion Water, and Cascade Natural Gas. Zoned IL (Light Industrial), this is the only parcel of its kind currently available on the market. It's part of a larger 39-acre parcel, with the remaining acreage zoned ME. The property's high-growth location is further enhanced by its proximity to established residential areas, including "The Elbow" district featuring multi-family housing and supporting retail. High Desert Middle School and Caldera High School are also nearby. Surrounding properties, totaling over 100 acres, are either under contract or have recently sold for residential development, underscoring the area's strong demand and future potential. Daily traffic counts on Knott and Ferguson streets reach 10,200 vehicles, indicating high visibility and accessibility. The asking price for this unique industrial land opportunity is $2,850,000. This is a truly exceptional investment prospect in a thriving Oregon market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.262
    Latitude
    44.0317

    Comparable in this City

    • Value Estimation by Request
      39.09 Acres

      27Th St

      Land • 39.09 Acres
      0 27Th St, Bend, OR 97702
      View Details
    • Value Estimation
      $2,885,000
      10,000 SF

      107 9th St

      INDUSTRIAL (GENERAL) • 10,000 SF
      107 9th St, Bend, OR 97702-1469
      View Details
    • Value Estimation
      $3,150,000
      18,665 SF

      70 Century Dr

      INDUSTRIAL (GENERAL) • 18,665 SF
      70 Century Dr, Bend, OR 97702-3557
      View Details
    • Value Estimation by Request
      347 SF

      207 Columbia St

      CONDOMINIUMS (INDUSTRIAL) • 347 SF
      207 Columbia St, Bend, OR 97702-1013
      View Details
    • Value Estimation
      $2,450,000
      15,214 SF

      48 Bridgeford Blvd

      INDUSTRIAL (GENERAL) • 15,214 SF
      48 Bridgeford Blvd, Bend, OR 97702-3495
      View Details
    • Value Estimation
      $1,710,000
      8,400 SF

      20717 Carmen Loop

      INDUSTRIAL (GENERAL) • 8,400 SF
      20717 Carmen Loop, Bend, OR 97702-8423
      View Details

    Similar Nearby for Sale

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      Bend Industrial Flex Space

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    • $2,479,000
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      Bend Commercial Land - $2.48M

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      0 Coombs Pl, Bend, OR 97702
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    • $2,000,000
      10.11 Acres

      Land in Gated Community

      10.11 acre parcel in exclusive gated community.
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    • $1,550,000

      Industrial Property on Wilson Street

      Fully leased industrial building with income through 2026.
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    Similar Nearby for Lease

    • $13 SF/Yr
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      Bend Industrial Complex for Lease

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      Bend Flex Space For Lease

      9,000 SF flex space available for lease in Bend, Oregon.
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    • $17 SF/Yr
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      Bend Industrial Manufacturing Space

      6,106 SF Manufacturing Space For Lease
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    • $1.75 SF/Yr
      2,636 SF

      Bend Flex Space in District

      Flex suite in Bend's Old Mill District for rent.
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    • $1.10 SF/Yr
      5,500 SF

      Bend Warehouse Space Available

      5,500 SF warehouse space for lease in Bend, Oregon.
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    • $1.70 SF/Yr

      Creative Space with Roastery & Club

      State-of-the-art campus with collaboration spaces and extensive parking.
      575 SE 9Th St, Bend, OR 97702
      View Details
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    27Th St
    Bend, OR 97702
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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